TITLE 18. PROFESSIONAL AND OCCUPATIONAL LICENSING
REGISTRAR'S NOTICE: The Real Estate Board is claiming an exemption from the Administrative Process Act in accordance with § 2.2-4006 A 4 a of the Code of Virginia, which excludes regulations that are necessary to conform to changes in Virginia statutory law where no agency discretion is involved. The Real Estate Board will receive, consider, and respond to petitions from any interested person at any time with respect to reconsideration or revision.
Title of Regulation: 18VAC135-40. Time-Share Regulations (repealing 18VAC135-40-20, 18VAC135-40-50, 18VAC135-40-60, 18VAC135-40-80, 18VAC135-40-100, 18VAC135-40-110, 18VAC135-40-140, 18VAC135-40-150, 18VAC135-40-160, 18VAC135-40-420, 18VAC135-40-430).
Statutory Authority: § 54.1-201 of the Code of Virginia.
Effective Date: December 11, 2009.
Agency Contact: Christine Martine, Executive Director, Real Estate Board, 9960 Mayland Drive, Suite 400, Richmond, VA 23233, telephone (804) 367-8552, FAX (804) 527-4299, or email reboard@dpor.virginia.gov.
Summary:
Chapters 851 and 871 of the 2008 Acts of Assembly established the Common Interest Community Board. In addition, Clause 2 of Chapters 851 and 871 states that the Common Interest Community Board is successor in interest to the Real Estate Board to the extent that the law transfers powers and duties. As a result of the transfer of powers and duties to the Common Interest Community Board, the Real Estate Board Time-Share regulations should be repealed. The transfer of the regulations to the Common Interest Community Board became effective November 27, 2008.
VA.R. Doc. No. R10-2181; Filed October 13, 2009, 2:22 p.m.